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JUST THINK -- TAX LOSS SEASON IS UPON US AND THE PRICE COULD ONLY GET WORSE AS THE YEAR-END APPROACHES.
IN 30 DAYS THE PRICE MAY BE HALF OF WHAT IT CURRENTLY IS AND IF YOU WANTED TO LOWER YOUR COST, THAT WOULD BE THE TIME TO DO IT.
JUST MY THOUGHTS !
WHY DON'T THEY JUST 'SCOOP UP' ALL THE SHARES THEY CAN AT THE CURRENT SELLING PRICE, KEEPING IT BELOW THE REPORTING THRESHOLD OF MAJOR OWNERSHIP.
THEN, MAKE A SECOND PUSH TO ACQUIRE ALL THE SHARES THEY COULD AT THE THEN NEW SELLING PRICE WHICH IMO WOULD BE BELOW #0.50.
ONCE THIS IS ACCOMPLISHED, THEY CAN OFFER TO BUY THE REMAINING SHARES OR MAKE A BUYOUT OFFER OF $1.00 TO TAKE THIS COMPANY.
HELL, A GROUP OF SUCCESSFUL INSIDERS FROM ONE COMPANY CAN LITERALLY BUY THIS COMPANY ON THE CHEAP (IF THEY SEE SNY VALUE TO IT, ALBEIT 5 HEARS DOWN THE ROAD.
JMO
He is rehearsing for the earnings call next week ! ! !
DOESN'T IT SAY 'TIMBER" !
lenovo -- you are next !
GEO: YOU SAID:
IF YOU WANT TO SALVAGE ANYTHING, SELL AT THE CURRENT STOCK BID PRICE. YOU WILL SALVAGE APPROXIMAELY #0.50 PER SHARE; BETTER THAN NOTHING IF YOU WAIT IT OUT AND THIS THING GOES TOTALLY BUST !
NO, BLEEDING HASN'T STOPPED. STILL SOME LEFT TO DRAIN OUT !
VULTURES COULD BOTTOM FISH WITH ROCK BOTTOM PRICES. THEY WILL SCOOP UP SHARES CHEAPLY AND MAKE A FEW SHECKLES ON THIS STOCK.
My guess is that VULTURES
The closer to year end the lower the price will be, with many bailing out in order to take the tax losses.
It would be better to sell now and buy back in December. You might pick up some cheap shares and iF THE COMPANY SURVIVES, YOU WILL HAVE RECOUPED SOME OF YOUR LOSS.
GREAT DAY -- HALLOWEEN !
WILL WE RECEIVE A TREAT OR A TRICK?
InterDigital Board of Directors Declares Regular Quarterly Cash Dividend
Company Release - 9/12/2019 4:30 PM ET
WILMINGTON, Del., Sept. 12, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share on its common stock, payable on October 23, 2019 to shareholders of record at the close of business on October 9, 2019.
5th Annual B. Riley FBR Consumer & Media Conference October 3, 2019 11:30 AM ET
Is InterDigital, Inc. (NASDAQ:IDCC) Potentially Undervalued?
Simply Wall St.
September 30, 2019
InterDigital, Inc. (NASDAQ:IDCC), which is in the communications business, and is based in United States, saw a decent share price growth in the teens level on the NASDAQGS over the last few months. As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. But what if there is still an opportunity to buy? Today I will analyse the most recent data on InterDigital’s outlook and valuation to see if the opportunity still exists.
View our latest analysis for InterDigital
What's the opportunity in InterDigital?
InterDigital is currently overpriced based on my relative valuation model. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 63.21x is currently well-above the industry average of 32.17x, meaning that it is trading at a more expensive price relative to its peers. But, is there another opportunity to buy low in the future? Given that InterDigital’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
What does the future of InterDigital look like?
NasdaqGS:IDCC Past and Future Earnings, September 30th 2019
NasdaqGS:IDCC Past and Future Earnings, September 30th 2019
More
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. In the upcoming year, InterDigital’s earnings are expected to increase by 56%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
What this means for you:
Are you a shareholder? It seems like the market has well and truly priced in IDCC’s positive outlook, with shares trading above its fair value. At this current price, shareholders may be asking a different question – should I sell? If you believe IDCC should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
Are you a potential investor? If you’ve been keeping an eye on IDCC for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for IDCC, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.
Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on InterDigital. You can find everything you need to know about InterDigital in the latest infographic research report. If you are no longer interested in InterDigital, you can use our free platform to see my list of over 50 other stocks with a high growth potential.
https://finance.yahoo.com/news/interdigital-inc-nasdaq-idcc-potentially-133548107.html
InterDigital to showcase AdvantEDGE Platform at 2019 Edge Computing Congress
InterDigital will also debut open source access to its AdvantEDGE platform for mobile edge emulation
Company Release - 9/18/2019 3:00 AM ET
WILMINGTON, Del., Sept. 18, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that it will be participating in the 2019 Edge Computing Congress (ECC), the premier global event dedicated to edge computing. During the ECC, InterDigital (located at ECC Stand 20) will showcase AdvantEDGE, an agile mobile edge emulation platform that enables users to experiment with edge applications and network designs.
Edge Computing Congress, now in its fifth year, unites technology providers, telecommunications operators and businesses to highlight the wireless technologies that both enable 5G and embed application resources at the “edges” of access networks, closer to end users and devices. The ECC will be held in London from September 17 - 19.
At ECC, InterDigital will demonstrate the AdvantEDGE mobile edge emulation platform, which supports experimentation in mobile edge applications and networks. To display the benefits of the platform, InterDigital will run a live AI-enabled video augmentation application that provides real-time video stylization from the network edge. Using AdvantEDGE, InterDigital will run the OpenRTiST app, an open source project from Carnegie Mellon University that captures live video on a mobile device and stylizes the content based on famous artwork, using local edge nodes.
In addition to supporting AI and GPUs on emulated edge nodes, AdvantEDGE also enables cluster deployment across a set of machines for scalability and features the ETSI MEC Edge Location Service API. To drive interest and collaborative use of AdvantEDGE, InterDigital will make the platform publicly available for the first time in open source.
“The journey to 5G and beyond will see a growing number of applications and services move to the network edge, and the AdvantEDGE platform will accelerate development using new edge architectures,” said Henry Tirri, InterDigital’s CTO and EVP of Research and Development. “Edge computing, coupled with ultra-reliable low latency communications, will enable rich multimedia experiences in more devices and applications. We are proud to showcase and share our AdvantEDGE platform with enterprises, operators, universities and other collaborators to support new use cases and applications of this solution.”
In addition to presenting the AdvantEDGE demo at the Edge Computing Congress, Robert Gazda, Senior Director of Engineering at InterDigital will also participate in a keynote discussion called “The Edge Leaders’ Industry Outlook,” on Wednesday, September 18 at 11:50. The keynote will also feature wireless leaders from Sprint, Ovum, and OfCom in a discussion that explores the primary areas of opportunity and challenge in the edge computing ecosystem.
To learn more about the “Edge Leaders’ Industry Outlook,” please click here.
To receive open source access to the AdvantEDGE platform, please click here.
ir.interdigital.com/file/Index?KeyFile=399710810
5G-CORAL Shortlisted for Glotel Award for Contribution to 5G Development
European-Taiwanese H2020 project nominated in ‘Best 5G Innovation’ category; Second major award nomination for the project
Company Release - 9/11/2019 4:30 PM ET
WILMINGTON, Del., Sept. 11, 2019 (GLOBE NEWSWIRE) -- InterDigital, a mobile and video technology research and development company, today announced that 5G-CORAL has been shortlisted for a Global Telecoms (Glotel) Award in the ‘Best 5G innovation’ category. 5G-CORAL, a European and Taiwanese H2020-funded project, is demonstrating how distributed data and microservices deliver on the low latency and high bandwidth promises of 5G, and supports 5G use cases including virtual reality, connected cars and the internet of things. InterDigital is the technical lead for 5G-CORAL.
The Glotel Awards, organized by Telecoms.com, aim to shine a spotlight on the industry’s most innovative companies. The awards recognize the companies advancing and transforming today’s telecoms industry. 5G-CORAL has been shortlisted for the award alongside China Mobile, Qualcomm, Vodafone Germany and ZTE.
5G-CORAL is led by a consortium of 10 technology partners, made up of ADLINK PrismTech, Azcom Technology, Ericsson, Industrial Technology Research Institute (ITRI), InterDigital, National Chiao Tung University, SICS Swedish ITC AB, Telcaria, Telecom Italia Mobile (TIM), and University Carlos III of Madrid (UC3M). The project is leveraging edge and fog computing in the radio access network (RAN) to deliver on the low latency, high bandwidth promises of 5G.
InterDigital has been responsible for the full technical leadership of 5G-CORAL. It has been leading the development of the project’s edge and fog computing system (EFS) data plane, as well as contributing to the development of the project’s design and orchestration control system (OCS) control plane. InterDigital has also been responsible for the implementation of 5G-CORAL in two testbeds: 360 adaptive video streaming and fog-assisted robotics. These testbeds were conducted in Taipei, Taiwan in late 2018, and showcased how edge and fog computing can support these data-intensive 5G use cases—something that simply cannot be done today with existing network infrastructure or the cloud.
Alongside the Glotel Awards, 5G-CORAL has also been shortlisted for a CSI Award in the ‘Best 5G project and innovation’ category.
Commenting on the shortlisting, Alain Mourad, Director Engineering, at InterDigital, said: “We are delighted to have been shortlisted for this award. This, along with the CSI Award, is the second shortlisting for 5G-CORAL, demonstrating the value that we and the other consortium partners are bringing to 5G innovation. We are proud to see the value of our contribution be recognized by prestigious industry award schemes.”
Winners of the CSI and Glotel awards will be announced in Amsterdam on September 13, and in London on November 7, respectively.
InterDigital Becomes a Strategic Member of the OpenAirInterface Software Alliance
GlobeNewswire
September 3, 2019
InterDigital joins the ranks of the OpenAirInterface Software Alliance’s strategic members, enhancing its commitment to support wireless 5G and beyond
WILMINGTON, Del., Sept. 03, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (IDCC), a mobile and video technology research and development company, announced that it would deepen its participation in the OpenAirInterface Software Alliance (OSA) by becoming a strategic member. OSA is a non-profit organization dedicated to providing software and tools for 5G wireless research and product development.
OSA, a France-based open source organization, was established in 2014 to encourage open collaboration amongst its members to foster innovation and work on future 5G wireless network design. The Alliance currently has more than 70 individual members. OSA’s strategic members are now InterDigital, Orange Labs, TCL 5G, Nokia Bell Labs, Fujitsu, and PAWR and its associate members include Redhat, Cisco, Renault, BCOM, Fraunhofer, Rutgers WINLAB, and Kyocera, among others.
To support the Alliance, InterDigital committed to coordinate its research and development efforts across its global offices in the United States, France, and Canada. In May 2019, InterDigital completed its acquisition of the Research & Innovation division of Technicolor SA, a worldwide technology leader in the media and entertainment sector and a strategic member of OSA. Following an assessment of the teams’ mutual interests, InterDigital decided to elevate its participation within the Alliance to strategic member. The new role will enable InterDigital to help guide the Alliance’s discussions and workplans, participate in decisions on membership, and accelerate progress in the areas of 5G amongst the OSA’s industry-leading members.
“Becoming a strategic member of the OSA and combining our expertise with the Alliance’s members will support our ongoing work on wireless 5G development and deployment,” said Laurent Depersin, Director of InterDigital’s Home Lab. “This membership will not only help InterDigital prototype and validate our ideas with a true “White Box” Software Defined Radio (SDR) framework featuring best-in-class capabilities, but it will also enhance our expertise and relationships with top-tier 3GPP contributors and reiterate our commitment to influential European and U.S. initiatives like PAWR and EMPOWER.”
Irfan Ghauri, Director of Operations for the OpenAirInterface Software Alliance, added, “InterDigital has been a key contributor to the Alliance’s by being a thought leader, thus bringing new and innovative ideas to the 5G roadmap over the last two years. We are glad to see InterDigital take a bigger role at the OSA by henceforth becoming a Strategic Member. This step will help strengthen the Alliance and accelerate work on the 5G technology development at the Alliance, allowing us with the support and guidance of InterDigital to focus on key topics that matter in 5G technology and beyond.”
Further information on the work of the OpenAirInterface Software Alliance can be found here.
About the OpenAirInterface Software Alliance
The OpenAirInterface Software Alliance’s mission is to provide software and tools for 5G wireless research and product development. Its members include industry leaders in the wireless domain, including Eurecom, Orange Labs, TCL 5G, Nokia Bell Labs, Fujitsu, PAWR, Kyocera, Redhat, Cisco, Renault, and InterDigital, among others.
InterDigital (IDCC) Down 22.7% Since Last Earnings Report: Can It Rebound?
Zacks Equity Research
August 31, 2019
A month has gone by since the last earnings report for InterDigital (IDCC). Shares have lost about 22.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is InterDigital due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
InterDigital Beats Q2 Earnings & Revenue Estimates
InterDigital reported relatively healthy second-quarter 2019 results, wherein both the bottom line and the top line beat the respective Zacks Consensus Estimate.
Net Income
Net income for the quarter was $7.7 million or 24 cents per share compared with $11 million or 31 cents per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate by 12 cents.
Revenues
The wireless R&D company’s revenues totaled $75.6 million, up 8.6% year over year. The top line exceeded the Zacks Consensus Estimate of $75 million. The increase was primarily due to incremental contribution from a new consumer electronic licensing program and agreements signed in the prior year within the mobile device licensing program. While revenues from patent royalties came in at $73.6 million, the same from current technology solutions were $2 million.
Other Details
Total operating expenses were $66.7 million, reflecting an increase of 23.7% year over year, mainly due to $13.2 million of costs related to the acquisition of Technicolor SA's patent licensing business and its Research and Innovation (R&I) team.
Operating income was $8.9 million compared with $15.7 million a year ago.
Cash Flow and Liquidity
During the second quarter, InterDigital utilized $22.7 million of net cash in operating activities compared with cash flow of $6.8 million in the year-ago period. During the same period, the company’s free cash flow utilization was $33.4 million compared with free cash flow of $0.8 million in the prior-year period.
As of Jun 30, 2019, InterDigital had $831.2 million in cash and short-term investments with $380.5 million of long-term debt and liabilities.
Share Repurchase
During the first six months of 2019, the company repurchased 2.5 million shares for $171.3 million. Notably, about $96.8 million worth of shares is available for repurchase subsequent to the increase in buyback authorization in May 2019.
Outlook
InterDigital is optimizing its strength in core wireless licensing business and has taken steps to drive shareholder value through the buyout of Technicolor licensing business. This has created significant new licensing opportunity in the video and consumer electronics markets. It remains poised to gain from future growth opportunities, fueled by the 5G rollout.
How Have Estimates Been Moving Since Then?
Estimates review followed a downward path over the past two months. The consensus estimate has shifted -64.29% due to these changes.
VGM Scores
Currently, InterDigital has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
InterDigital has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Paulee, this deserves a +1 COIN.
SOMEONE SHOULD FLAG IT AS SUCH!
TIA
It's baloney sandwiches for me!
hrbart and JimLur: Maybe we Illinois IDCC holders can go and see Merritt and the boys at the summit.
We Think InterDigital (NASDAQ:IDCC) Can Stay On Top Of Its Debt
Simply Wall St.
Simply Wall St
,Simply Wall St.•August 19, 2019
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. As with many other companies InterDigital, Inc. (NASDAQ:IDCC) makes use of debt. But should shareholders be worried about its use of debt?
Why Does Debt Bring Risk?
Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more common (but still painful) scenario is that it has to raise new equity capital at a low price, thus permanently diluting shareholders. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. When we examine debt levels, we first consider both cash and debt levels, together.
Check out our latest analysis for InterDigital
How Much Debt Does InterDigital Carry?
As you can see below, at the end of June 2019, InterDigital had US$434.4m of debt, up from US$291.9m a year ago. Click the image for more detail. However, its balance sheet shows it holds US$831.2m in cash, so it actually has US$396.8m net cash.
NasdaqGS:IDCC Historical Debt, August 19th 2019
NasdaqGS:IDCC Historical Debt, August 19th 2019
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How Strong Is InterDigital's Balance Sheet?
According to the last reported balance sheet, InterDigital had liabilities of US$242.9m due within 12 months, and liabilities of US$501.9m due beyond 12 months. On the other hand, it had cash of US$831.2m and US$57.2m worth of receivables due within a year. So it can boast US$143.5m more liquid assets than total liabilities.
This surplus suggests that InterDigital has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Succinctly put, InterDigital boasts net cash, so it's fair to say it does not have a heavy debt load!
Shareholders should be aware that InterDigital's EBIT was down 89% last year. If that earnings trend continues then paying off its debt will be about as easy as herding cats on to a roller coaster. When analysing debt levels, the balance sheet is the obvious place to start. But it is future earnings, more than anything, that will determine InterDigital's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.
Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. While InterDigital has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. Over the most recent three years, InterDigital recorded free cash flow worth 70% of its EBIT, which is around normal, given free cash flow excludes interest and tax. This free cash flow puts the company in a good position to pay down debt, when appropriate.
Summing up
While we empathize with investors who find debt concerning, you should keep in mind that InterDigital has net cash of US$397m, as well as more liquid assets than liabilities. The cherry on top was that in converted 70% of that EBIT to free cash flow, bringing in US$48m. So we don't have any problem with InterDigital's use of debt. Over time, share prices tend to follow earnings per share, so if you're interested in InterDigital, you may well want to click here to check an interactive graph of its earnings per share history.
https://finance.yahoo.com/news/think-interdigital-nasdaq-idcc-stay-113512304.html
somethin's up? Buyout ? Somebody know's somethin ! ! !
longinvestor: Too many times we have counted chickens before they were hatched.
Remember Mickeybritt's Billions owed by Nokia?
Remember rhw Billions due from Motorola and Ericsson?
How about the engines and transmissions, the calculators with lots of zero's, the 3-5 year targets dropped from $800 million to $600 million to $500 million?
What about the other investments that never panned out?
What about the hype with Hillcrest?
Remember, Wall Street believes in deals signed, not promises of future signings.
I'm sorry but Management has yet to come through with positive signs' only promises and hopes!
IF they feel so strong about deals, let them put the money up front by paying special dividends and not stock buybacks which haven't added anything to shareholder values. Again, SHOW ME THE MONEY !
JMO
longinvestor: I'd rather have a 1.44% yield and a share price of $97 dthan a 2.88% yield and a share price of $48.50 !
jeffree: You got it in the wrong order:
1, Insiders buy shares on open market
2. Then, announce another buyback
3. Raise the dividend
4. Then, announce a special dividend from cash on hand (make it an attractive one of $5.00 per share)
5. Then, announce the beginning of a recurring annual dividend)in addition to the regular quarterly dividend
6. Then, announce a series of new licenses with the chinese companies not currently licensed
7. Then, announce a strategic review of a merger or sale of the company.
all of this before the end of the quarter
I think that would really rocket the stock to all time highs!
JMO
That's why I said 'VALUE'
LOSS OF VALUE IN IDCC ON FRIDAY:
One insider lost $1,084,675
top 10 insiders lost $2,511,822
And Blackrock INC, OUR BIGGEST INSTITUTIONAL HOLDER WITH 3,968,483 SHARES REPORTED AS OF 3-31-19, LOST $25,715,000 ON FRIDAY.
Buy backs don't do it! We are at a 52 week low after all the buy backs this year.
What the company needs is an aggressive dividend program tht will generate interest in holding this stock.
1. raise the quarterly dividend.
2. Pay a substantial special dividend NOW
3. Establish an annual special dividend based on a percentage of earnings.
If th company is so confident in the future, they should put show us with these dividend programs.
JMO
InterDigital Announces Financial Results for Second Quarter 2019
Thu August 1, 2019 8:30 AM
|GlobeNewswire|About: IDCC, TCLRY
New wireless licensing and expansion of business to consumer electronics drive 10% year-over-year growth in recurring revenue
WILMINGTON, Del., Aug. 01, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (IDCC), a mobile and video technology research and development company, today announced results for the second quarter ended June 30, 2019.
Second Quarter 2019 Financial Highlights
Second quarter 2019 recurring revenue was $74.4 million, a 10% increase compared to recurring revenue of $67.5 million in second quarter 2018. The increase reflects the contribution of InterDigital's new consumer electronic licensing program, as well as revenue from agreements signed in the second half of 2018 in the company's mobile device licensing program.
Second quarter 2019 operating expenses were $66.7 million, compared to $53.9 million in second quarter 2018. The increase was primarily driven by $13.2 million in costs related to the acquisition of Technicolor SA's (Euronext Paris:TCH) (OTCQX:TCLRY) patent licensing business and Research and Innovation (R&I) research and development organization. Of those, $5.9 million were either transaction, integration or amortization expenses.
Second quarter 2019 net income1 was $7.7 million, or $0.24 per diluted share compared to net income1 $11.0 million, or $0.31 per diluted share, in second quarter 2018.
From January 1, 2019 through June 30, 2019, the company repurchased 2.5 million shares of common stock under its stock repurchase program for a total cost of $171.3 million, $19.6 million of which is attributable to the repurchase by the company of its common stock in connection with the issuance of the 2024 Notes (as defined below). $96.8 million remains available for repurchase subject to the increase to the buyback authorization in May 2019.
In second quarter 2019, the company recorded $22.7 million of cash used in operating activities, compared to $6.8 million of cash provided in second quarter 2018. The company used $33.4 million of free cash flow2 in second quarter 2019, compared to $0.8 million of free cash flow used in second quarter 2018. These decreases were primarily driven by the timing of cash collections under fixed-fee agreements. Ending cash and short-term investments as of June 30, 2019 totaled $0.8 billion.
In second quarter 2019, the company recognized a tax provision of $5.0 million compared to a tax provision of $1.1 million in second quarter 2018.
“With the completion of the acquisition of Technicolor’s R&I team, InterDigital now has fully integrated research-driven businesses in two of today’s most exciting technology segments, and has become one of the largest pure research and licensing businesses in the world,” said William J. Merritt, President and CEO of InterDigital. “That research and our patent portfolio are perfectly aligned with today’s converged devices and advanced services, and represent what we see as a powerful, significantly de-risked platform for growth going forward.”
Additional Highlights
On June 3, 2019, the company completed a private offering of $400 million in aggregate principal amount of 2.00% Senior Convertible Notes due 2024 (the “2024 Notes”). The net proceeds from the offering were approximately $391.6 million after deducting the initial purchasers’ fees and estimated offering expenses. A portion of the net proceeds from the issuance of the 2024 Notes were used to repurchase $221.1 million in aggregate principal amount of the company’s existing 1.50% senior convertible notes due 2020, and to repurchase $19.6 million in shares of the company’s common stock.
On May 31, 2019, the company completed its acquisition of the R&I research and development organization of Technicolor. The acquisition made the company one of the largest long-term R&D and licensing companies in the world, with approximately 340 engineers worldwide.
Other Income in second quarter 2019 included $8.7 million to record the net impact of a gain resulting from our purchase of Technicolor’s R&I organization and a loss on extinguishment of debt related to our May 2019 repurchase of a portion of our convertible notes.
On July 19, 2019, the company completed the sale of its Hillcrest Laboratories, Inc. business to a subsidiary of CEVA, Inc. As part of the transaction, InterDigital retained substantially all of the patent assets that it acquired in 2016.
nterDigital EPS beats by $0.09, beats on revenue
Aug. 1, 2019 8:33 AM ET|About: InterDigital, Inc. (IDCC)|By: Jignesh Mehta, SA News Editor
InterDigital (NASDAQ:IDCC): Q2 GAAP EPS of $0.24 beats by $0.09.
Revenue of $75.6M (+8.7% Y/Y) beats by $0.1M.
Press Release
Looks like some old rats are abandoning ship and they are looking for new ones !
JMO
JimLur, does Tom Carpenter still follow IDCC?
I thought at one time you were in contact with him and if he still follows IDCC, he might be a good source to pose questions on our behalf about the Hillcrest sale -- ie: why did we sell it and what are the financial ramifications of the transaction (like a bottom line profit or loos on the deal).
I wonder if anyone will ask any questions on this subject and will management just blow it off like any other information.
JMO
InterDigital to Demo Innovative Video Solutions at SIGGRAPH
GlobeNewswire•
July 29, 2019
InterDigital R&I’s innovative digital double and face rig extraction technology to be highlighted by French innovation groups at leading computer graphics conference
WILMINGTON, Del., July 29, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (IDCC), a mobile and video technology research and development company, will be highlighting its innovative digital double and face rig extraction technology at SIGGRAPH, the world’s leading digital conference and exhibition in computer graphics and interactive technologies. The technologies are part of the ground-breaking research by InterDigital’s Research & Innovation unit, and part of the suite of technology research areas acquired from Technicolor in June 2019.
InterDigital R&I’s automated face capture technology, developed in collaboration with the world-renowned Max Planck Institute in Germany, is a production-ready tool that extracts animated face rigs from video, making various types of reworking possible. The digital double technology features a proprietary tool that streamlines 3D facial animation, using photogrammetric capture to create a fully-rigged computer graphics character.
“These technologies represent truly cutting-edge capabilities that will see application in advanced production and eventually extend to a broad range of use cases, including digital avatars, gaming, fashion, and other consumer technologies. The fact that our InterDigital R&I team is at the forefront of these technologies, and the opportunity to highlight them at one of the leading computer graphics conferences, is very exciting,” said Henry Tirri, Chief Technology Officer, InterDigital.
InterDigital R&I was selected by Cap Digital, a European group dedicated to digital and environmental transformation, and Minalogic, a leading innovation hub dedicated to the development of digital technologies. SIGGRAPH takes place from 28th July to 1st August at the Los Angeles Convention Center, and InterDigital R&Is’ demonstration is located at SIGGRAPH’s French Pavilion stand (booths 1111 and 1119).
InterDigital Announces August and September Investor Conference Schedule
GlobeNewswire•
July 29, 2019
WILMINGTON, Del., July 29, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (IDCC), a mobile and video technology research and development company, today announced that the company will be attending the following investor conferences in August and September:
Oppenheimer 22nd Annual Technology, Internet & Communications Conference in Boston, MA on August 6th, 2019.
Jefferies 2019 Semiconductor, Hardware and Communications Infrastructure Summit in Chicago, IL on August 27th, 2019. This event will not be webcast.
4th Annual Dougherty & Company Institutional Investor Conference in Minneapolis, MN on September 5th, 2019.
Sidoti & Company Fall 2019 Conference in NYC, NY on September 25th, 2019.
For more information, please visit the Investors section of the company’s website closer to the event. The Oppenheimer, Dougherty and Sidoti presentations will be webcast live and archived replays of the presentations will also be available following the conferences.
Did someone post about sensors in high-priced cars lately?
I seem to recall reading something about someone seeing IDCC's / Hillcrest's sensors in high-end cars recently. This was not reported by IDCC but rather someone saw something about sensors and Hillcrest.
Anybody remember the post(s) ?
idcc earnings conference is AUGUST 1. We should hear about tyhe deal then.
Wonder how much write off we have on this sale !
Maybe that's why IDCC hasn't commented on it yet.
JMO
This is why I hate share buy-backs:
Textron hits turbulence